Bitcoin / Dollar intraday: the upside prevails as long as 3633 is support

Bitcoin / Dollar intraday: the upside prevails as long as 3633 is support
Our pivot point is at 3633.

Most likely scenario: the upside prevails as long as 3633 is support.

Alternative scenario: below 3633, expect 3503 and 3425.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 3661 and 3562).

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